BREAKING - UK Budget Deficit Widens In October
The UK budget deficit reached its highest October level on record, reflecting the effects of government coronavirus policies, the Office for National Statistics reported Friday.
The public sector net borrowing rose by £10.8 billion from the last year to £22.3 billion in October.
This was the highest October borrowing and the sixth-highest borrowing in any month since monthly records began in 1993.
During April to October, PSNB excluding banks increased by £169.1 billion to £214.9 billion. This was the highest PSNB in any April to October period since records began in 1993.
Data showed that public sector net debt, excluding public sector banks at the end of October 2020 was equivalent to 100.8% of GDP.
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